Hong Kong stocks drop before China data dump while Alibaba, Tencent shine

Stock traders await China data dump with consensus forecasts signalling a slowdown in economic activity in the second quarter. Photo: AP Hong Kong stocks fluctuate before China's economic data dump as Alibaba, Tencent advance and BYD slides – Government reports today to signal a slowdown in economic activity last quarter as factory output, retail sales cooled – BYD slides after major shareholder Himalaya Capital cut its stake in Chinese carmaker again Stock traders await China data dump with consensus forecasts signalling a slowdown in economic activity in the second quarter. Photo: AP